Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
If a business qualifies as an S-corp, the tax difference between an LLC and S-corp are a bit more nuanced. Both an LLC and an S-corp has flow through taxation (no double taxation).However, an LLC's distribution of profits is subject to an employment tax, whereas an S-corp's dividends are not.With careful planning, a small business can avoid significant employment taxes by electing to become an S-corp.oth an LLC and an S-corp has flow through taxation (no double taxation). However, an LLC's distribution of profits is subject to an employment tax, whereas an S-corp's dividends are not.